Patten Group Inc. Sells 44 Shares of Linde PLC $LIN

Patten Group Inc. reduced its holdings in shares of Linde PLC (NASDAQ:LIN) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,678 shares of the basic materials company’s stock after selling 44 shares during the period. Linde comprises approximately 0.8% of Patten Group Inc.’s portfolio, making the stock its 25th biggest holding. Patten Group Inc.’s holdings in Linde were worth $3,602,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Members Trust Co grew its position in Linde by 5.4% during the second quarter. Members Trust Co now owns 689 shares of the basic materials company’s stock valued at $323,000 after acquiring an additional 35 shares during the last quarter. Benin Management CORP grew its position in Linde by 6.1% during the second quarter. Benin Management CORP now owns 1,558 shares of the basic materials company’s stock valued at $731,000 after acquiring an additional 89 shares during the last quarter. Exencial Wealth Advisors LLC grew its position in Linde by 7.3% during the second quarter. Exencial Wealth Advisors LLC now owns 891 shares of the basic materials company’s stock valued at $418,000 after acquiring an additional 61 shares during the last quarter. Brookstone Capital Management grew its position in Linde by 20.7% during the second quarter. Brookstone Capital Management now owns 13,733 shares of the basic materials company’s stock valued at $6,443,000 after acquiring an additional 2,355 shares during the last quarter. Finally, Jacobsen Capital Management grew its position in Linde by 13.8% during the second quarter. Jacobsen Capital Management now owns 900 shares of the basic materials company’s stock valued at $422,000 after acquiring an additional 109 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Stephen F. Angel sold 50,309 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total value of $23,815,274.42. Following the completion of the sale, the director owned 480,543 shares of the company’s stock, valued at $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LIN. JPMorgan Chase & Co. increased their price target on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. Citigroup increased their price objective on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Finally, UBS Group dropped their price objective on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $520.00.

Linde Stock Performance

NASDAQ:LIN opened at $450.08 on Wednesday. The firm has a market cap of $211.05 billion, a PE ratio of 32.01, a price-to-earnings-growth ratio of 2.98 and a beta of 0.93. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $486.38. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The business has a 50 day moving average price of $471.85 and a 200-day moving average price of $464.05.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.06. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. During the same quarter in the prior year, the firm posted $3.85 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Equities research analysts predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $1.50 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a yield of 1.3%. Linde’s dividend payout ratio (DPR) is presently 42.67%.

Linde Profile

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.